Posts Tagged "Budget"
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Tax changes update: new concessions and incentives for small businesses and startups
Posted on June 19th, 2026 by Marg Marshall
The Prime Minister & Treasurer has issued a media release that outlines further implementation details for its tax changes that were announced in the recent federal budget.
Expanded access to small business CGT concessions
A key feature of the announcements is the expansion of eligibility for one of the existing capital gains tax (CGT) concessions.
The Government proposes to increase the turnover threshold for the 50% active asset reduction from $2 million to $10 million. The eligibility criteria for the remaining small business CGT concessions are unchanged… -
Supporting the next generation of accountants
Posted on June 1st, 2026 by WLFMarg Marshall, Partner, Toby Duncan, Advisor and Seema Tamang, Accountant recently took part in the TTI Office Crawl 2026, sharing their experience with the next generation of accounting professionals.
Speaking with a group of emerging accountants, they offered practical insights, reflected on their own career paths and talked about what working in the profession really looks like.
The conversation covered day-to-day work in the industry, client relationships, professional growth and the need to stay adaptable as the profession continues to evolve.
For those in the… -
What does the 2026-27 Federal Budget mean for you?
Posted on May 13th, 2026 by Claire ThornettThe Federal Treasurer, Dr Jim Chalmers, delivered the 2026–27 Federal Budget on 12 May 2026.
It’s a budget focussed on tax reform with major changes that will impact many of our clients.At this stage, nothing has been legislated and further detail is expected. Most major measures are not due to commence until after 30 June 2027, with transitional rules and rollover relief likely to assist with implementation.We will continue to monitor developments and keep you informed as the proposals evolve. There may be planning opportunities to mitigate adverse impacts, in…